Another Opinion on the Recent Commodities Pullback

He believes the current correction in commodities is a short-term blip in their upward run. That may have years to continue, just as the 1987 crash was a brief respite in a decade-long bull run for stocks.

The "he" is Jim Rogers of investing and hedge fund fame. The story is here.

179 Active Rigs: Definitely A New Record -- Bakken, North Dakota, USA

Some days ago I was alerted that there were 179 active rigs in North Dakota, which would have been a new record. I personally did not see it, and the "179" was there for such a short time, most of us, including me, did not see it.

However, now I see it. Officially the new record of "179 active drilling rigs" has been reached.

South Dakota Oil Prospects -- Sturgis Area

My grandfather homesteaded in this area back in the early 20th century, but over the years the land has been sold and resold, I suppose, and to the best of my knowledge "we" hold no mineral rights there. But for those interested, it looks like there might be a bit of oil in this area also.

Update On Housing and Retail Development Project in Stanley, North Dakota

Link here.